Cyprus Nationals plead not guilty to amended charges
January 25, 2019 4:39 pm
Loizos and Cleanthis Petridis
The two Cyprus nationals charged with money laundering pleaded not guilty to their amended charges in the Suva High Court today.
Loizos and Cleanthis Petridis face charges involving the withdrawal of cash from several ATMs in Suva.
On the first count of money laundering, it’s alleged in December 2017, they were allegedly engaged directly or indirectly in obtaining $95,590 which were proceeds of crime – while knowing it was derived from some form of unlawful activity.
For the second count of attempt to obtain property by deception, it’s alleged also in December 2017 they procured $41,540 from the BSP with the intention to permanently deprive the bank of the amount.
They also denied the last count of possession of property suspected of being proceeds of crime, where they allegedly possessed $203,009 suspected of being proceeds of crime.
The duo have been remanded in custody.
The matter has been adjourned to February 18th for hearing.